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EURCAD trade ideas

EURCAD Short 4/29/2025EUR/CAD Short – Multi-Week Weekly Rejection + Bearish Continuation Setting Up Taking a short on EUR/CAD after sustained weekly rejection, daily structure shift, and intraday bearish continuation signs. Weekly Chart: Strong rejection off a key weekly supply level — multiple weeks confirming resistance: Initial rejection week of March 10th. Three back-to-back rejections again during April 7th, April 14th, and April 21st. Clear seller control at this zone, with the latest weekly candle forming a bearish hammer — priming the setup for continuation lower. Daily Chart: Yesterday, we gapped down, tapped a daily level, and closed bearish — signaling sellers are firmly stepping in. Momentum has shifted toward the downside cleanly. 4H Chart: Three candles of bearish behavior after an initial bullish impulse: Bearish hammer, doji, and strong bearish hammer sequence printed. Price is now stalling at trendline support but showing signs of pressure building for a breakdown. 1H Chart: Some minor bullish bounce off trendline support, but the structure is weakening — supply consistently capping rallies. Trade Thesis: Expecting a trendline break soon, accelerating momentum to the downside once 1.5700 gives way. Targets: First target: 1.5700 (structure break) Second target: 1.5500 Third target (extended): 1.5330 Risk Management: Conservative management until 1.5700 breaks. Aggressive partials after clearing 1.5500 toward long-term target.
Short
by Big6Financial
EURCAD WILL GO UPIt as not been an easy one for PEPPERSTONE:EURCAD regaining back its bullish moves after previously falling from the monthlytf resistance @1.59617. Currently The 61.8% fib level and 200EMA as we can see on this H4 charts is giving enough protection blocking the price from going low further, Finally we had another bounce off the 200EMA today, in my own view, team Bullish now have the upper hand, and we will see EURCAD go up till at least 1.578. Buy EURCAD @1.56592
Long
by SunnyBabaFX
EurCad = ascending channel + symmetrical triangleHere we have something that to me looks like a combination of a symmetrical triangle and an up ascending channel. It is currently evolving within, and I think it will continue to do it a bit more, especially now that is successfully broke above the symmetrical triangle. It might look like it already has broken out prior, but it wasn't fully formed. Nearer the end, it can be seen that price bounced back and forth within the triangle two times, and accurate. Now that it's broken above, I know of a potential idea which is to buy from a pullback into the level marked which I believe is demand zone. I also think it can be normal for price to be traded as a break below and selling an ascending channel. But I think in this case it is being held up in a stronger format with support from triangle which might guide its meaning to a different turn.
Long
by CyberFxTrader
(A contrarian Re-Entry) EUR CAD #0015 Short Swing Trade- Trade heavily relies on the liquidity pools, the failed breakout of the Price Action along the Liquidity pools, and the presence of Order Block (ie, a reversal indication and a sign of exhaustion in Selling Sentiment - Short Term). - We aimed to profit from the pip difference between the lower order block and the Fair Value Gap (FVG) during the correction phase. - The correction phase is inevitable. - The order block marked yellow is our place of entry. - Holding Period will be between 1 day to 3 days
Long
by NaimEdelweissFX
1
EURCAD Wave Analysis – 30 April 2025 - EURCAD reversed from resistance level 1.5880 - Likely to fall to support level 1.5495 EURCAD currency pair recently reversed down from the pivotal resistance level 1.5880 (which has been reversing the price from the start of July) intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from 2022. The downward reversal from the resistance level 1.5880 created the weekly Shooting Star – a strong sell signal for EURCAD. Given the overbought daily Stochastic and the strength of the resistance level 1.5880, EURCAD currency pair can be expected to fall to the next support level 1.5495.
Short
by FxProGlobal
EURCAD Is Going Down! Short! Take a look at our analysis for EURCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.591. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.578 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
This 7 Step Analysis Reveals How To Buy Forex PairsHere is another chart example. Now in this one you will notice the difference. The last one [reference below CAPITALCOM:EURJPY ] Had a whipsaw of about -0.2% This whipsaw f'd me up.I stared doubting the strategy. Now in all fairness day trading is hard. So just about now i was watching a video from Tim Sykes. And he said "Focuss on big percent gainers" I say focuss on the trend Do you remember that the last forex pair CAPITALCOM:EURJPY had no percent gain? At the point of entry? In my case it had no gap. So lets look at this chart.And notice the following: 👉The price is above the 50 EMA 👉The price is above the 200 EMA 👉 The price has "gapped" up ✅In this case the price has "gapped" up - ✅In this case The ema's have crossed ✅In this case its followed the rocket booster strategy ❌In this case i have failed to recognise the candlestick pattern As you can see my analysis is not perfect. But what i love about this one is the "Green performance" . Also it follows the rocket booster strategy. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies.And feel free to use a simulation trading account before you trade with real money.
Long
by lubosi